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LA bans cash for some retail sales

Discussion in 'News & Current Events' started by billwald, Oct 20, 2011.

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  1. billwald

    billwald New Member

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    #1 billwald, Oct 20, 2011
  2. matt wade

    matt wade Well-Known Member

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    This is a horrible, horrible piece of legislation. If I was in LA I would fight hard against it.
     
    #2 matt wade, Oct 20, 2011
  3. Bro. Curtis

    Bro. Curtis <img src =/curtis.gif>
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    "This note is legal tender for ALL debts, public and private."

    It will never stand.
     
    #3 Bro. Curtis, Oct 20, 2011
  4. matt wade

    matt wade Well-Known Member

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    I don't think the law will stand either, but it won't fall based upon this line. That refers to debts, not the purchase of goods or services. A transaction where money is exchanged immediately does not fall under the designation of a "debt".

    I guess store holders to probably find a loop hole here where they could extend the good on credit and then the people could pay that debt with cash. It would require more paperwork than it was worth though.
     
    #4 matt wade, Oct 20, 2011
  5. plain_n_simple

    plain_n_simple Active Member

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    The law will change. It will be a total electronic exchange soon, and you'll never stop it.
     
    #5 plain_n_simple, Oct 20, 2011
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